Greek parliament backs PM Tsipras' bailout referendum


(MENAFN- Jordan News Agency) The Greek parliament has backed Prime Minister Alexis Tsipras' call for a referendum on the country's bailout deal with international creditors.

The referendum planned for Sunday July 5 was approved by at least 179 deputies out of a total of 300 lawmakers.

Tsipras' leftist Syriza party and allied lawmakers voted in favour of the referendum that has angered its creditors who earlier rejected the debt-ridden country's request for a bailout extension.

The country needs to make a $1.8bn payment to the International Monetary Fund by Tuesday or risk defaulting on its obligations.

And that would spell disaster for its banking system which is currently relying on emergency cash injections from European Central Bank - one of its foreign creditors, Aljazeera reported.


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